The FTSE MIB fell to around 39,790 on Wednesday, extending losses from the previous session and tracking declines across regional peers as investors focused on corporate earnings. Iveco Group dropped over 3%, echoing a sharp 17% plunge in its French counterpart Renault. STMicroelectronics also declined nearly 2% after ASML issued weaker-than-expected revenue guidance for Q3 and narrowed its own 2025 outlook. Other notable laggards included Buzzi Unicem (-1.2%), Tenaris (-0.7%), and Leonardo (-0.6%). Meanwhile, trade tensions remained in focus after President Trump signaled potential tariffs on pharmaceuticals by the end of the month and hinted that levies on semiconductors could follow. On the domestic front, traders await Italy’s final June inflation reading and May trade balance data due later today. Stock Market The FTSE MIB fell to around 39,790 on Wednesday, extending losses from the previous session and tracking declines across regional peers as investors focused on corporate earnings. Iveco Group dropped over 3%, echoing a sharp 17% plunge in its French counterpart Renault. STMicroelectronics also declined nearly 2% after ASML issued weaker-than-expected revenue guidance for Q3 and narrowed its own 2025 outlook. Other notable laggards included Buzzi Unicem (-1.2%), Tenaris (-0.7%), and Leonardo (-0.6%). Meanwhile, trade tensions remained in focus after President Trump signaled potential tariffs on pharmaceuticals by the end of the month and hinted that levies on semiconductors could follow. On the domestic front, traders await Italy’s final June inflation reading and May trade balance data due later today.